Brainstorming to Identify as Many Alternatives or Options as Possible

question 4

Multiple Choice

Brainstorming to identify as many alternatives or options as possible is part of which of the following steps of the ethical decision-making model?

• A) Collect information.
• B) State the options.
• C) Implement the decision.
• D) Apply the ethical principles to the options.

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Definitions:

Variable Selling Expense

Costs that vary directly with the volume of sales, such as commissions, shipping charges, and promotional expenses.

Cost of Goods Sold

The financial outlays directly associated with the production of a company's sold merchandise.

Variable Administrative Expense

Expenses that vary in direct proportion to changes in an organization's activity level, such as sales commissions.

Traditional Format Income Statement

A financial statement that shows a company's revenues, expenses, and profits, typically starting with sales and subtracting cost of goods sold and other expenses.